Jindal Poly Films to fully acquire solar film maker Enerlite
Author: PPD Team Date: May 6, 2025
Jindal Poly Films Limited (JPL), a major player in packaging films, has announced plans to acquire full ownership of Enerlite Solar Films India. Enerlite manufactures encapsulation films used in photovoltaic (PV) modules.
JPL currently holds a 33.05% stake in Enerlite. The acquisition, conducted on an arm’s length basis, will make Enerlite a wholly owned subsidiary. Completion is expected within six months, pending regulatory approvals.
This move aligns with JPL’s strategy to expand into the solar components sector.
About Jindal Poly Films
JPL is part of the B.C. Jindal Group and is India’s largest producer of flexible packaging films. Its product range includes:
Biaxially Oriented Polypropylene (BOPP) films
Biaxially Oriented Polyethylene Terephthalate (BOPET) films
Cast Polypropylene (CPP) films
Metallized, coated, and thermal lamination films
Non-woven fabrics
Self-adhesive labels through its subsidiary SMI Coated Products
The company operates a large manufacturing facility in Nasik, Maharashtra, and has a global presence through subsidiaries in Europe and the U.S.
